1. As a result, many European retailers are urging a shortening of the period of dual currency use from the six months now planned. 2. A dual currency bond pays interest in one currency and principal in another. 3. Dual currency issues have won favor with Japanese investors since the government relaxed to encourage further foreign investment. 4. He said there was speculation another dual currency Samurai bond, which is issued in yen and redeemed in Australian dollars, was being priced today. 5. Many foreign businessmen are uncomfortable with the dual currency system because of its complexity and potential volatility. 6. Alberto Bernal, an IDEAGlobal analyst, expressed concern that the expected dual currency system might produce uncontrolled devaluation and runaway inflation. 7. At that time, countries joining the currency union can have dual currencies for as long as six months, under EU agreements. 8. But many have their doubts that all will be greener with the new money, and some worry living with dual currencies will be hard to get used to. 9. He said the dramatic fall in Japanese interest rates over the last five years has fuelled the popularity of higher yielding bonds, such as dual currency issues. 10. He questioned whether such a dual currency would end in an uncontrolled devaluation and runaway inflation. |
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